1414 Degrees Issues 119,048 Shares at $0.05 Each via 14DOA Option Conversion, Total Shares Now 607 Million

1414 Degrees Applies for Quotation of 119,048 New Shares Issued via 14DOA Option Exercise at Five Cents

1414 Degrees Limited has submitted an Appendix 2A application to the Australian Securities Exchange to list 119,048 new fully paid ordinary shares. These shares result from the exercise of options under the company’s 14DOA series, which expire on 29 January 2028. The conversion was completed on 2 July 2026, with shares issued at a cash price of AUD $0.05 each.

The newly issued shares rank equally with existing ordinary shares from their issue date and are quoted on the ASX. The company confirmed that these shares were issued for cash consideration in Australian dollars and are not part of an employee incentive scheme. This categorizes the transaction as a standard Listed Option exercise by external holders rather than internal remuneration.

Details on 14DOA Option Series and Its Conversion Into Ordinary Shares

The 14DOA option series, formally titled "Option Expiring 29-Jan-2028," represents a significant potential equity conversion pool for 1414 Degrees. After this latest exercise, 318,620,197 14DOA options remain outstanding. This large residual amount means additional conversions may occur before the January 2028 expiry, depending on market conditions and option holder decisions.

The exercise price for the conversion was $0.05 per share. Option holders who convert at this price exchange their options for ordinary shares at a fixed rate, irrespective of the current Market Price of 14D shares at exercise time. The company did not provide commentary on the current market price relative to the exercise price or on the likelihood of further conversions from the 14DOA series.

Total Quoted Ordinary Shares Now Reach 607,318,988 Following Share Issuance

With the addition of 119,048 shares, 1414 Degrees’ total quoted ordinary Share Capital increases to 607,318,988 fully paid ordinary shares. This figure is automatically generated by ASX systems and reflects the inclusion of the newly issued shares. The company noted that these figures might not fully represent the current Issued Capital if other related filings are being processed simultaneously.

This issuance is a minor increase relative to the company’s total share count exceeding 607 million. The gross proceeds from this exercise, at $0.05 per share for 119,048 shares, total approximately $5,952. No specific details were disclosed regarding the use of these proceeds.

Comprehensive Quoted Securities Structure Including 14D, 14DO, and 14DOA Classes

The Appendix 2A filing outlines 1414 Degrees’ full quoted securities structure post-conversion. Alongside 607,318,988 ordinary fully paid shares (14D), the company has two quoted option classes. The 14DOA series, expiring 29 January 2028, now has 318,620,197 options outstanding after this exercise. The 14DO series, described as "Option Expiring 09-Jul-2030 Deferred," holds 15,397,240 options on issue.

These multiple option series with varying expiry dates and terms create a layered potential for equity conversion over time. The 14DO deferred series expiring in July 2030 represents a longer-term option pool, while the 14DOA series has a nearer-term deadline in January 2028. Investors concerned about dilution and future share issuances should monitor both series as their expiry dates approach.

Unquoted 14DAJ Options Add 4 Million Additional Securities to Capital Structure

Beyond quoted options, 1414 Degrees holds an unquoted option series. The 14DAJ class, described as "Option Expiring 21-Nov-2027 Ex $0.10," consists of 4,000,000 options that are not traded on the ASX. These options carry a higher Strike Price of $0.10 compared to the 14DOA series exercised recently.

Because they are unquoted, 14DAJ options do not trade on the ASX like the 14DO and 14DOA series. They expire on 21 November 2027, giving holders about 16 months from the filing date to decide on exercising. The filing did not specify whether these options were issued under an employee incentive scheme or other arrangements, nor did it provide further details on terms beyond the capital table.

Option Exercise Process and Implications for Current Shareholders

When holders of 14DOA options exercise, they pay $0.05 per option and receive one fully paid ordinary share in exchange. These shares are then subject to an ASX quotation application, such as this Appendix 2A, before becoming freely tradable. Once quoted, they hold equal rights with existing shares, including dividends, capital returns, and voting.

For existing shareholders, each option exercise incrementally increases the total share count, causing dilution of percentage ownership if they do not also hold and exercise options. However, given the small size of this exercise—119,048 shares against a base of over 607 million—the dilutive effect is negligible. More significant dilution risk lies in the potential exercise of the remaining 318.6 million 14DOA options and 15.4 million 14DO deferred options over their remaining terms.

About 1414 Degrees' Thermal Energy Storage Technology and Investment Background

1414 Degrees Limited is an Adelaide-based energy technology company specializing in thermal energy storage systems. Its core technology stores energy as heat in silicon, aiming to provide grid-scale storage solutions. The company’s name refers to the melting point of silicon in degrees Celsius, a key element of its storage method.

The company is advancing its technology through demonstration and commercial development projects. Although the recent option exercise is small, it reflects ongoing engagement with option holders. No immediate share price impact or forward guidance, earnings commentary, or project updates accompanied this capital structure filing.

ASX Listing Rule Compliance and Role of Appendix 2A Filing

The Appendix 2A form is the official method for ASX-listed companies to apply for quotation of new securities. By lodging this form, 1414 Degrees complies with ASX Listing Rules requirements to ensure all issued securities, including those from option exercises, are transparently and properly brought to market.

The filing confirms the company’s acceptance of the conditions in Appendix 2A of the ASX Listing Rules, which include standard representations about securities’ compliance with applicable rules. The lodgement date of 2 July 2026 matches the share issue date, indicating prompt application for quotation on the day the conversion was completed—a routine step for companies managing ongoing option programs.

Future Outlook for Remaining 14DOA Options Through January 2028

With 318,620,197 options still outstanding in the 14DOA series expiring 29 January 2028, 1414 Degrees faces an extended period during which further conversions may occur. If all remaining options were exercised at $0.05 each, the company would raise approximately $15.93 million and add over 318 million shares to its ordinary capital base—more than half the current outstanding shares. This would represent a significant increase in capital and dilution.

Whether option holders exercise depends on market factors, including the share price relative to the $0.05 strike price at exercise time. The company has not provided guidance on expected conversion rates. Typically, option exercises happen in tranches as holders individually decide. Investors will likely monitor future Appendix 2A filings as indicators of option activity and capital structure changes over the next 18 months until the 14DOA series expires.